AML examination

Name: _____________________________________ Branch/Department:_________________________________

Part I Identification/Enumeration

1. _________________________ is a transaction in cash or other equivalent monetary instrument involving a total

amount in excess of Five Hundred Thousand Pesos (Php500,000.00) within one banking day.

2. _______________ refers to a crime whereby the proceeds of an unlawful activity as defined in the AMLA are
transacted (or attempted to be transacted) thereby making them appear to have originated from legitimate sources.

3. _____________________________ are persons holding or who have held public positions; an individual who is or
has been entrusted with prominent public positions in the Philippines or in a foreign state, including heads of state
or of government, senior politicians, senior national or local government, judicial or military officials, senior
executives of government or state owned or controlled corporations and important political party officials.

4. ______________________________– An act prohibiting disclosure of or inquiry into, deposits with any banking
institution and providing penalty therefor.

5. ______________________________– Financial intelligence unit of the Republic of the Philippines which is the
government agency asked to implement the AMLA.

6 to 8. Give at least three (3) minimum information or documents required for individual clients:

a)

b)

c)

9 to 10. Give at least two (2) predicate crimes/unlawful activities:

a)

b)

11 to 13. Money Laundering is a diverse and often complex process. It involves three independent steps that often occur
simultaneously:

a)

b)

c)

14 to 15. Transactions that must be reported:

a) b)

16 to 18. What are the 3 KYC requirements?

 AML examination
a)

b)

c)

19 to 20. Give sample of Individuals or Juridical Entities with Default High Risk profile

a) b)

21 to 23. Three major compliance requirements:

a)

b)

c)

24 to 25) Give at least 2 minimum validation requirements for the conduct of enhanced due diligence.

a)

b)